Viscofan rises on Q3 EBITDA beat

Viscofan SA

24/10/2024 10:49

** Shares of meat packaging maker Viscofan  VIS.MC  rise 4%
after posting Q3 EBITDA beat to consensus estimates
    ** Viscofan's Q3 EBITDA stood at 79.8 million euros, up 18%
year on year, and above a consensus estimate of a 15% EBITDA
growth, according to Sabadell
    ** "We value positively the strong rebound in profitability
in Q3 and the fact that the inventory adjustment has been
completed" the broker says
    ** This, coupled with a recent underperformance of the
shares, can support a positive reaction to the company's results
the broker says
    ** Shares on track for a best day since March 1
    
  

 (Reporting by Joao Manuel Mauricio)
 ((JoaoManuel.VicenteMauricio@thomsonreuters.com))